Category: DeFi Digest
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Sui validators vote on $162M Cetus recovery plan to restore user funds
Sui validators are voting on a $162M recovery plan for Cetus to restore user funds after a $220M exploit, with $162M already frozen and awaiting community approval by June 3.
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Cetus to Fully Compensate Users After $223M Hack, Backed by Sui Foundation
Cetus Protocol pledges full compensation for users after a $223M hack, supported by Sui Foundation. A community vote will decide on unlocking frozen funds to aid recovery efforts.
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Sui validators vote on $162M Cetus recovery plan to restore user funds
Sui validators are voting on a $162M recovery plan for Cetus DEX after a $220M exploit. The plan includes frozen funds return, treasury use, and a Sui Foundation loan to restore user assets.
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Cetus to Fully Compensate Users After $223 Million Exploit, Sui Community Vote to Decide $162 Million Release – “The Defiant”
Cetus will fully compensate users after a $223M exploit, with $162M frozen pending a Sui community vote. Compensation will use reserves and a Sui Foundation loan.
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Crypto Exchange Bitget Debuts Yield-Bearing BGUSD Backed by RWAs – Crypto News Bitcoin News
Bitget introduces BGUSD, a yield-bearing stablecoin offering 4% annual returns, backed by tokenized real-world assets like money market funds and U.S. Treasuries.
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Cetus seeks Sui community nod to unlock $162M to make users whole
Cetus seeks Sui community approval to unlock $162M frozen funds to reimburse users affected by a $223M exploit, with a secured loan covering $61M bridged to Ethereum.
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Bitstamp Rolls Out Staking Services to UK Customers
Bitstamp launches staking services for UK customers, offering up to 3.1% APY on Ethereum and 1% on Cardano, following regulatory changes allowing crypto staking outside collective investment rules.
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State of Mantle Q1 2025
Mantle maintained its leading position in Q1 2025 despite market cap and usage declines. Key initiatives like mETH Protocol and EigenDA integration drove ecosystem growth and decentralization.
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Bitget rolls out BGUSD, a yield-bearing stable asset backed by real-world assets
Bitget launches BGUSD, a yield-bearing stable asset backed by tokenized real-world assets like US Treasuries, offering up to 5% APY and redeemable for USDC, enhancing crypto ecosystem stability.
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Top 4 DeFi Governance Tokens For Profit & Governance Power
The article highlights four top DeFi governance tokens, focusing on Frankencoin Pool Shares (FPS), which offer profit potential and governance power in decentralized finance systems.
